Japanese carrier Skymark Airlines is continuing to benefit from strong domestic demand, although this was not enough to fully offset the carrier’s rising costs.
The Y18 billion ($145 million) plan will see current shareholder Integral Corporation hold a 50.1 per cent stake in the low-cost carrier, with UDS Airlines Investment – a joint venture between SMBC and Development Bank of Japan –holding a 33.4 per cent shareholding and ANA a 16.5 per cent stake.
